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MBIA To Settle Mortgage Litigation With Credit Suisse


MBIA To Settle Mortgage Litigation With Credit Suisse
The settlement followed a post-trial decision by the Court awarding MBIA Corp. about $604 million in damages.
As per the settlement, Credit Suisse has paid MBIA Corp. $600 million. Following the agreement to settle the case, the Court dismissed the action, MBIA said.
Last month, Credit Suisse said it expects to post a fourth-quarter loss after the Swiss bank set aside an extra $850 million for litigation linked to residential mortgage-backed securities stretching back to the financial crisis.
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Gold Futures Settle Higher For 3rd Straight Day

WASHINGTON (dpa-AFX) - Gold prices moved higher on Tuesday, extending gains to a third straight session and lifting the front month futures contract to a one-week high.Slightly weaker stock markets ....

United States , Kostenloser Wertpapierhandel , House Democrats , ஒன்றுபட்டது மாநிலங்களில் , வீடு ஜனநாயகவாதிகள் ,